Majority of Stakes acquired by CAMS in Fintech Startup: Fintuple for API Solutions
- ByStartupStory | March 8, 2022
A financial infrastructure and services provider for mutual funds, alternative investment funds (AIF) and portfolio Managers (PMS)- Computer Age Management Services Limited (CAMS), has acquired a majority stake in fintech SaaS startup Fintuple Technologies.
The corpus of investment or the percentage of stake acquired by CAMS has neither been revealed by the company. To comment on the financial aspects of the transactions has been declined by the CAMS. Fintuple was founded in the year 2018 and is based in Chennai. It is a fintech startup that offers a digital infrastructure ecosystem and API solutions for AIFs, custodians, portfolio managers, and distributors.
The areas of client digital on-boarding, KYC, fund data, fact sheets and analysis and other digital support solutions for AIF and PMS are the technology offerings included in the portfolio. It has been noted by the companies in the joint statement that this will help CAMS strengthen its product offerings, especially for digital on-boarding and eKYC. With the addition of Fintuple’s portfolio, CAMS will further strengthen its value proposition for the AIF and PMS marketplace by adding the portfolio of Fintuple.
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